Processing of Option To Tax Forms Changes from 1st February   Following a short consultation, HMRC has decided to change the way they process Option to Tax (OTT) Forms with effect from 1 February 2023.   A letter confirming receipt of...

What is the VAT Tax Point Date? The tax point date for a supply is the date the item is bought or sold from a VAT point of view. Why does the VAT Tax Point Date Matter? The tax point...

Changes to sales of goods to the EU from 1 July With effect from 1 July 2021, the VAT treatment will change for goods imported into the EU and Northern Ireland where the consignment value is below €150. From that date,...